Payment of Taxes, Assessments and Charges. The Mortgagor shall pay when due, and before any interest, collection fees or penalties shall accrue, all real estate taxes, special assessments, water and sewer charges or other governmental charges and impositions levied or assessed with respect to the Mortgaged Premises or any part thereof except to the extent that payment of any of the foregoing is then being contested in good faith by appropriate legal proceedings and with respect to which adequate financial reserves have been established on the books and records of the Mortgagor. Should Mortgagor fail to so pay such taxes, special assessments, water and sewer charges or other governmental charges or impositions or establish such adequate financial reserves, Mortgagee may, at its option, pay the same for the account of Mortgagor.
Payment of Taxes, Assessments and Charges. Company shall pay, prior to delinquency, all taxes, assessments, charges and levies imposed by any Governmental Agency.
Payment of Taxes, Assessments and Charges. Pay all taxes, ----------------------------------------- assessments, charges and levies imposed by any public authority which are or may become a lien affecting the Project Facilities or any part thereof, provided, however, that the Borrower shall not be required to pay and discharge any such tax, assessment, charge or levy so long as (a) the legality thereof shall be promptly and actively contested in good faith and by appropriate proceedings and (b) the Borrower maintains reserves adequate to pay any liabilities contested pursuant to this Section 8.3.
Payment of Taxes, Assessments and Charges. Pay all taxes, assessments, charges and levies imposed by any public authority or utility company which are or may become a lien affecting any Company Property or any part thereof, including without limitation assessments on any appurtenant water stock; provided, however that Company shall not be required to pay and discharge any such tax, assessment, charge or levy so long as (a) the legality thereof shall be promptly and actively contested in good faith and by appropriate proceedings and (b) Company maintains reserves adequate to pay any liabilities contested pursuant to this Section 9.12.
Payment of Taxes, Assessments and Charges. Except to the extent that Lender is obligated to pay Impositions and insurance premiums from the Tax and Insurance Reserve Account pursuant to the terms of Section 12.2, Borrower shall pay all Impositions and insurance premiums with respect to itself and the Property in accordance with the terms hereof. Borrower may, at its expense, after prior notice to Lender, contest by appropriate proceedings conducted in good faith and with due diligence, the validity or application of any Legal Requirements, Imposition, or any claims of mechanics, materialmen, suppliers or vendors, and may withhold payment of the same pending such proceedings if permitted by law, as long as (i) in the case of any Impositions or claims of mechanics, materialmen, suppliers or vendors, such proceedings shall suspend the collection thereof from the Property, (ii) neither the Property nor any part thereof or interest therein will be sold, forfeited or lost if Borrower pays the amount or satisfies the condition being contested, and Borrower would have the opportunity to do so, in the event of Borrower’s failure to prevail in such contest, (iii) Lender would not, by virtue of such permitted contest, be exposed to any risk of civil or criminal liability, and neither the Property nor any part thereof or any interest therein would be subject to the imposition of any Lien for which Borrower has not furnished additional security as provided in clause (iv) below, as a result of the failure to comply with any Legal Requirement of such proceeding which would not be released if Borrower pays the amount or satisfies the condition being contested, and Borrower would have the opportunity to do so, in the event of Borrower’s failure to prevail in the contest, and (iv) Borrower shall have furnished to Lender additional security in respect of the claim being contested or the loss or damage that may result from Borrower’s failure to prevail in such contest in such amount as may be requested by Lender, but in no event less than 125% of the amount of such claim.
Payment of Taxes, Assessments and Charges. Borrower and Guarantor shall pay, prior to delinquency, all taxes, assessments, charges and levies imposed by any Governmental Agency which are or may become a lien affecting the Collateral.
Payment of Taxes, Assessments and Charges. Borrower shall pay, prior to delinquency, all taxes, assessments, charges and levies imposed by any Governmental Agency which are or may become a lien affecting the Receivables or any part thereof, except that Borrower shall not be required to pay and discharge any tax, assessment, charge or levy that is being actively contested in good faith by appropriate proceedings, as long as Borrower has established and maintains reserves adequate to pay any liabilities contested pursuant to this Section in accordance with generally accepted accounting principles and, by reason of nonpayment, none of the property covered by the Security Documents or the lien or security interest of Lender is in danger of being lost of forfeited.
Payment of Taxes, Assessments and Charges. Pay all taxes, assessments, charges and levies imposed by any public authority or utility company which are or may become a lien affecting either Guaranty Property or any part thereof, including without limitation assessments on any appurtenant water stock; provided, however, that Guarantor shall not be required to pay and discharge any such tax,
Payment of Taxes, Assessments and Charges. Seller and Xxxxx Street shall pay or discharge, prior to the last day payable without penalty or premium (but in any event at least ten (10) days prior to the institution of foreclosure or in rem proceedings), all Taxes (as defined
Payment of Taxes, Assessments and Charges. (a) Timely file all required tax returns including any extensions; (b) timely pay all taxes, assessments, and other governmental charges or levies of $100,000 or more imposed upon it or upon its income, profits or property before the same become delinquent; and (c) maintain appropriate accruals and reserves for all of the foregoing in accordance with GAAP. Each Restricted Person may, however, delay paying or discharging any of the foregoing so long as it is in good faith contesting the validity thereof by appropriate proceedings, if necessary, and has set aside on its books adequate reserves therefore which are required by GAAP.
